XML 11 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Assets    
Real estate, net $ 300,015 $ 377,383
Notes receivable (including $75,871 and $70,375 at September 30, 2021 and December 31, 2020, respectively, from related parties) 140,774 130,626
Cash and cash equivalents 63,873 36,814
Restricted cash 20,090 50,206
Investment in unconsolidated joint ventures 58,438 60,425
Receivable from related parties 103,384 129,335
Other assets 86,089 80,975
Total assets 772,663 865,764
Liabilities:    
Mortgages and notes payable 185,004 242,711
Bonds payable 184,198 237,888
Accounts payable and other liabilities (including $892 and $928 at September 30, 2021 and December 31, 2020, respectively, to related parties) 45,169 27,299
Accrued interest payable 3,478 7,639
Deferred revenue 9,791 19,821
Total liabilities 427,640 535,358
Shareholders' Equity:    
Preferred stock, Series A, $2.00 par value, 15,000,000 shares authorized, 1,800,614 shares issued and outstanding 1,801 1,801
Common stock, $0.01 par value, 100,000,000 shares authorized; 16,152,043 and 16,209,228 shares issued at September 30, 2021 and December 31, 2020, respectively; and 16,152,043 shares outstanding 162 162
Treasury stock, 57,185 at December 31, 2020 0 (2)
Paid-in capital 62,090 62,092
Retained earnings 182,889 172,738
Total shareholders' equity 246,942 236,791
Noncontrolling interests 98,081 93,615
Total equity 345,023 330,406
Total liabilities and partners' capital $ 772,663 $ 865,764